Ellen Jackowski’s Post

Thank you Mastercard Center for Inclusive Growth for telling our story. This recent article echoes the struggles of millions worldwide facing the intertwined challenges of biodiversity loss, financial exclusion and climate adaptation. Of ABALOBI, Christine Gibson writes, “It’s evidence that technology can help the more than 80% of the unbanked population living in the planet’s most climate-vulnerable regions become more resilient to both financial shocks and the impacts of #climatechange.” At ABALOBI we see #fintech as a pillar to support a broader programme of fisheries rebuilding. Financial services alone do not promote #climateresilience, but when embedded within our #socialentrepreneurship programme, they have the potential to transform lives and oceans. ✋🌊 https://lnkd.in/eKxDjsby CIFAR Alliance BFA Global Mastercard Foundation Ocean Risk and Resilience Action Alliance #climateadaptation #financialinclusion #resilience #oceanclimatenexus #fisheriesrebuilding #smallscalefisheries

According to the report, with just six years remaining, current progress falls far short of what is required to meet the SDGs. Without massive investment and scaled up action, the achievement of the SDGs — the blueprint for a more resilient and prosperous world and the roadmap out of current global crises — will remain elusive. The lingering impacts of the COVID-19 pandemic, escalating conflicts, geopolitical tensions and growing climate chaos have severely hindered progress. The report details the urgent priorities and areas needed for stronger and more effective action to ensure the 2030 promise to end poverty, protect the planet and leave no one behind. https://lnkd.in/gK-vp5kS..

Are We Turning Trade-Offs into Synergies for the SDGs? The UN’s Agenda 2030 set bold goals for a sustainable future, but are we making progress? · Wins So Far: Positive trends in SDGs like: · Ending Poverty (SDG 1) · Clean Energy (SDG 7) · Economic Growth (SDG 8) · Innovation & Infrastructure (SDG 9) These synergies show how innovation and economic strength can drive success. · Challenges Remain: Trade-offs persist in areas like: · Sustainable Cities (SDG 11) · Climate Action (SDG 13) · Life Below Water (SDG 14) To meet the 2030 deadline, we need innovative policies, stronger institutions, and collective action to overcome these barriers. Let’s create a future where trade-offs become synergies! #SDGs2030 #SustainableFuture #GlobalGoals #InnovationForImpact #ClimateAction #EndPoverty #CleanEnergy #EconomicGrowth #SustainableDevelopment #UNAgenda2030 #CollaborationForChange #TransformingTradeOffs #StrongerTogether

Time for Developed Nations to Own Their Carbon Footprint The global climate crisis demands urgent action, but there is a growing tendency for developed nations to push the responsibility onto developing countries. This narrative ignores a critical fact: the carbon debt of wealthier nations far outweighs that of the developing world. Historically, developed countries like the United States and nations in Europe account for over 50% of global CO₂ emissions, despite representing a small fraction of the global population. The U.S. alone is responsible for nearly 25% of cumulative emissions since the industrial revolution, while the entire African continent contributes less than 3%* These emissions fueled economic growth and prosperity in the Global North, but the environmental costs were left to the planet. Developing nations, on the other hand, face the dual challenge of alleviating poverty and transitioning to low-carbon economies. Over 700 million people* in these regions still lack access to electricity, and affordable fossil fuels often remain the most viable option for economic growth. While wealthier countries encourage green energy transitions, they fail to address the stark economic disparities that make such transitions challenging for the Global South. Adding to the inequity, the promised $100 billion per year in climate finance* by developed nations to help poorer countries adapt and mitigate climate impacts remains unmet. By 2019, only about $80 billion* was mobilized, much of which included loans instead of grants. If developed nations are serious about combating climate change, they must prioritize reducing their emissions drastically and invest heavily in affordable green energy for developing nations. Shifting blame is not a solution—it’s a delay tactic. True global cooperation means acknowledging historical emissions, meeting financial commitments, and enabling the developing world to grow sustainably without bearing the burden of a crisis they didn’t cause. --- #ClimateAction #Sustainability #ClimateJustice #GlobalWarming #CO2Emissions #EnergyTransition #DevelopingNations #CarbonFootprint #NetZero #GreenEconomy #EnvironmentalResponsibility #SustainableDevelopment #ClimateFinance

Carbon markets can support a just, green transition – channeling critical #ClimateFinance to fund access to sustainable green technologies, tools, and practices where it’s needed most.   But this potential can only be realized if #CarbonMarkets are truly inclusive of and impactful for people living in poverty. And emerging evidence suggests that financial services have a critical role to play in enabling carbon projects to meaningfully improve the lives and livelihoods of those on the frontlines of the climate crisis. In a new paper that I co-authored with my CGAP colleagues Elizabeth Kiamba and Bennett Gordon, we explore the challenges to and opportunities for developing inclusive carbon markets, highlighting how inclusive #FinancialServices can help overcome barriers to inclusion and drive impact at scale. 📘 Read the paper here: https://lnkd.in/g-i8aiv4

In a world grappling with climate crises, social inequities, and economic instability, the integration of sustainability and sustainable finance emerges as not just a necessity, but a transformative force for a resilient future. #sustainability #sustainablefinance #greenbonds #socialbonds #sustainabilitylinkedloans #esginvesting #impactinvesting #tesla #unilever #Ørsted #esg #worldenvironmentday

Impacts of #climatechange include forced migration, increased poverty and inequality, risks for women and children, competition over land and water as well as food insecurity.  ⏰ Timely #investments in the appropriate sectors and regions are crucial to mitigate the impacts of climate change on #environmentalsecurity. 📑 The third report of the Independent High Level Expert Group (#IHLEG) on #ClimateFinance develops recommendations to encourage the investment necessary to deliver on the commitments of the #ParisAgreement. The report updates the IHLEG’s estimates of investment requirements for #climate action and sets out the agenda to deliver these investments in emerging markets and developing countries (#EMDCs) other than China. Here are its key findings:  🔷 Investments in all areas of climate action must increase across all economies. 🔶 The largest increase in investment is required in EMDCs other than China. These regions currently have low investment levels, significant development needs, and are projected to contribute over 50% of global emissions by 2030.  🔷 Investment needs are most clearly defined in the energy transition sector, other areas have more uncertainty.  🔶 Any shortfall in investment before 2030 will place added pressure on the years that follow, creating a steeper and potentially more costly path to climate stability. Find out more and access the full report of the Independent High Level Expert Group (IHLEG) on Climate Finance here 👇 https://lnkd.in/eYhrUpwV #COP29

At #COP29, the world’s largest multilateral development banks have announced a new goal to raise $120 billion in annual climate finance for developing nations by the end of the decade. Throughout the discussions and events at COP, it is clear that as we aim for climate-smart growth in all economies, we must connect those who need funding and support for climate resilience to the digital economy. Here is why:    ➡️ Being included in the digital economy helps people better handle, adapt, and be more resilient to the impacts of climate change. While in Baku, I spoke with Rosanna Lockwood, Fadhel Kaboub فاضل قابوب, and Sophie Sirtaine about how digital financial inclusion is an underutilized tool to build climate resilience. Recent research from the Mastercard Economics Institute shows that across the US, businesses’ revenue is affected for almost a full month around when an extreme weather event hits their community. For merchants who only have a brick-and-mortar presence, their revenues drop by up to 56% -- but for merchants with an online presence, their sales only decline closer to 23%.   ️   ➡️ Small businesses are particularly vulnerable to the climate crisis, yet key contributors of climate solutions. Aimée Christensen’s recent research with the Mastercard Center for Inclusive Growth identifies data, capital, and wrap-around support as keys to unlocking SMEs’ role in the climate transition. This research supports Nigar Arpadarai’s call to action to climate-proof small businesses, including increasing their access to finance and financial products. It was great to learn from colleagues at ABB (the International Bank of Azerbaijan) about how they are investing in small-businesses and the transition to a regenerative economy in the region.    ➡️ Inclusion in the digital economy increases people’s access to data, capital, wrap-around support, and ultimately resources that build their climate resilience. During a presentation with the Marrakech Partnership for Global Climate Action and Global Resilience Partnership, initiatives like Mastercard Strive and Community Pass were highlighted as examples of resilience-building initiatives. It is imperative that we continue to partner across sectors to provide these critical products and programs.    By leveraging digital financial inclusion, we can empower communities to better withstand the impacts of climate change and drive sustainable growth.    #InclusiveClimateAction #FinancialInclusion #Digitalization #COP29 

Leveraging Carbon Markets to Empower the Poorest Nations The United Nations has emphasized the transformative potential of carbon markets in aiding the world's poorest countries. By harnessing carbon offset projects, these nations can not only spur their own development but also play an essential role in global climate action. This dual benefit underscores the need for a strategic approach to environmental initiatives that prioritize the needs of the most vulnerable. Carbon offset projects could serve as crucial economic levers, providing investment and bringing value to regions that need it most. By expanding these markets, we can catalyze growth while remaining steadfast in our commitment to reducing greenhouse gas emissions. It's an opportunity to align economic development with ecological responsibility, ensuring that no nation is left behind in the fight against climate change. Now, more than ever, it is imperative that policymakers and stakeholders collaborate to create equitable frameworks that promote these initiatives. Establishing inclusive and transparent systems will be key to unlocking the potential of carbon offset projects, delivering meaningful outcomes for both the environment and local communities. How do you think we can enhance the participation of the poorest countries in global carbon markets? #CarbonMarkets #ClimateAction #SustainableDevelopment #UNInitiatives #GreenEconomy #GlobalCollaboration

5 ways to go green: How countries can prioritize both equity and climate action 🌿 🤝 This article by World Economic Forum highlights the critical role of EQUITY in climate action, emphasizing how INCLUSIVE green transitions create resilient economies and unlock sustainable growth. It urges businesses and funders to champion resource distribution that equips vulnerable communities with the tools and skills to thrive, aligning with global sustainability goals. By investing in inclusive climate solutions, the private sector can drive innovation, build long-term value, and address systemic risks. Collaborative efforts across industries are essential to achieving impactful and equitable climate strategies. Read all about it here https://lnkd.in/e-E8S4Nu #CommunitiesForNature #Equity #ESGgoals #sustainability #PeopleAndPlanet